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Sonos tumbles, Nike gets a boost, Tesla under pressure

Sonos (SONO): Stock of the the home sound system maker dropped after releasing its first quarterly earnings report as a public company. The company posted a loss of 45 cents a share on revenue of $208 million.

Nike (NKE): Canaccord Genuity upgraded the stock to Buy from Hold and upped the price target to $95 per share from $78 a share. The investment firm called the Nike ad featuring Colin Kaepernick a “stroke of genius.”

Tesla (TSLA): Nomura Instinet lowers its rating of Tesla from Neutral to Buy and says that the stock is no longer investable and that CEO Elon Musk’s actions may hurt the brand.

For more on today’s big stock movers check out the Final Round, live at 3:30 p.m